The project is expected to help Indian Railways ensuring timely availability of passenger coaches.
The union cabinet has approved the setting up of a new rail coach manufacturing unit in Kerala to manufacture 400 coaches every year. The project will be executed at an estimated cost of Rs550 crore (excluding the cost of land) under a joint venture, in which Railways will contribute 26 per cent equity.
The new coach building plant will be set up at Palakkad where land to the extent of about 239 acres is available for use. The land will be purchased by the Railways from the Kerala government.
The project is expected to help Indian Railways ensuring timely availability of passenger coaches to meet the increasing demands. It shall also ensure induction of state of the art aluminium coaches on Indian Railways.
The work on this project will commence during 2012-13 and will be completed within a period of 36 months.
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